Once again, the Secretary of HHS is threatening insurance companies who say they are raising rates in response to the coming Health Care Reform. This kind of thing is, if nothing else, disturbing because of the assymetry of power between a federal regulatory agency and the industry it regulates. If thre is fraud, prosecute it. Making threats is simply an attempt to suppress speech.

The insurance industry has already seen the writing on the wall. They know there future is short. When the bureaucrats wrote the regs to enforce the rationed, nationalized healthcare takeover, they made it IMPOSSIBLE for a private company to stay in business. So the de facto result will be “single payer”, aka rationed, nationalized healthcare. The “rules” say ANY change to a policy after March, 2009 will disqualify the plan from being “grandfathered”. Anybody seen anything that hasn’t gone up in price in the last 2 years? And the companys that now pay for all/part of the insurance for employees will soon drop the coverage. Why? Because with the SKYROCKETING RATES caused by Obammaocare, it will be cheaper to pay the fine, give the employee all/part of what had been paid for insurance and let the employee get his own coverage. From the “single payer”, Government. And any money you get for not having insurance will be TAXED because it will be “normal income”. Slick way to raise taxes, eh what?

And how is government going to pay less while paying for more health care? Because it won’t be “insurance” any more. Well, they RATION care. Remember how the “experts” say the last 6 months of a persons life costs more than whatever proceeded it? Well, your life just got 6 months shorter. Yes, the RATIONING will be to CUT OFF CARE at some point. Now you MIGHT get some free drugs to ease your suffering. Or you may have to bribe one of the “officials” that decide who lives and who dies and when. But government is SO much more “efficient” in deciding things like when to quit “giving” people care because it costs too much. Oh, and people DYING sooner will help socialist security from going bankrupt as quickly.

I estimate that the bill for utopian rationed healthcare will be about $700 per month per person. That won’t put a crimp in anyone’s budget, will it?

The insurance industry has already seen the writing on the wall. They know there future is short. When the bureaucrats wrote the regs to enforce the rationed, nationalized healthcare takeover, they made it IMPOSSIBLE for a private company to stay in business.

“Don’t be surprised when people who are in the business of making money adjust their prices so they can continue making about the same amount of money. Don’t be surprised when they raise prices to make more money than they have been in order to hedge against anticipated future losses – like in 2014 when the health care “reforms” come into effect full force.

If I were in the insurance business right now, do you know what I’d be doing? Raising rates to increase my profits (and income) now, while quietly preparing to get out of the insurance business and start doing something else by late 2013.”